18 Stocks in focus today

Check out the companies which will be in focus during trade today based on recent and latest news developments.

Vedanta: Vedanta Resources Plc has no plans to cut its zinc output but could adjust the development of its South African operation taking into account prevailing prices, CEO Tom Albanese was quoted as saying on Wednesday.

Coal India: The Union Cabinet on Wednesday approved the payment of performance related pay (PRP) for Coal India Ltd. (CIL) executives and non-unionised supervisors. It also approved the recommendations of the Committee of Secretaries to regularise the 2007 pay revision implemented by CIL with effect from 1st January, 2007 in the loss-making subsidiaries of the company.

Mahindra & Mahindra Ltd: The company is looking to double its market share in the heavy commercials vehicles (HCV) segment, to 5-6 per cent from the existing 2.6-2.7 per cent over the next 2-3 years, according to the company’s Executive Director & President (Automotive & Farm Equipment), Pawan Goenka.

ONGC: ONGC will provide ‘service contracts’ to bolster crude oil output from its nine onshore assets by up to 17% by FY18, reports a business daily.

Future Retail Ltd: Future Retail has allotted non-convertible debentures (NCDs) totalling Rs. 750 crore on private placement basis. These NCDs have been rated CARE AA- (Under Credit Watch) [Double A Minus (Under Credit Watch)] by Credit Analysis & Research Limited (CARE).

Hindustan Unilever: The company reported standalone net profit of Rs. 962.24 crore for the quarter, registering fall of 2.62% yoy and 9.14% qoq. Company’s revenue at Rs. 7955.39 crore, registered growth of 4.13% yoy and decline of 1.84% qoq.

Tata Motors: Jaguar Land Rover reportedly said that its second-quarter results will be affected by a blast at the Chinese port of Tianjin in August which damaged many of the 5,800 vehicles the company had at the site.

IVRCL: The company announced that IVRCL Chengapalli Tollways, a SPV formed for implementing the project envisaging 4/6 laning of the road in Chengapalli - Coimbatore - Walayar (Tamil Nadu / Kerala Border) on NH-47 in the State of Tamil Nadu being executed as BOT (Toll) on DBFOT basis has obtained the provisional certificate for commercial operations and toll collection has started on 14 October 2015.

Polaris Consulting & Services : Virtusa Corp is in talks to buy Polaris Consulting for Rs. 1,904 crore. The deal may be valued at close to $350 mn, a near 20% premium to its current market capitalisation of $295 million (Rs 1,904 crore).

TTK Prestige:The company has reported standalone net profit of Rs. 34.04 crore for the quarter, registering growth of 21.65% yoy and 55% qoq. Company’s revenue stood at Rs. 421 crore, registering growth of 10.22% yoy and 20.77% qoq.

Alstom T&D India: The company has bagged orders worth Rs1.4bn from Odisha Power Transmission Corporation for supply of 400/220 kV air insulated and gas insulated substations.

Deep Industries: Deep Industries has received Notification of Award of Contract for charter hiring of No. 1 of 1000HP Mobile Drilling Rig for Tripura Asset of ONGC for a period of three years. The total value of the said award is of US $ 14 Mn i.e. approx Rs. 90.33 crore.

Unichem Laboratories: The pharma company has received US health regulator’s approval to market its Memantine Hydrochloride tablets USP, used to treat severe dementia of the Alzheimer’s type, in the American market.

Zee Entertainment: The company has reported consolidated net profit at Rs. 247.70 crore for the quarter, registering growth of 8.72% yoy and 1.49% qoq. Company’s revenue stood at Rs. 1384.90 crore, registering growth of 23.89% yoy and 3.36% qoq.

Snowman Logistics Ltd: The company has commenced operations at its new Bengaluru warehouse with a capacity of 4,500 pallets. This takes the company’s total warehousing capacity to 94,500 pallets.

United Bank of India: The bank in pact with Kotak Securities for equity trading product, as per media reports.

Dr Reddys: The pharma company gets USFDA tentative approval for LAMOTRIGINE for seizures, as per media reports.

Network 18 Media & Investment: The media company reported its consolidated net loss at Rs. 27.42 crore for the quarter ended September 30, 2015 as compared to consolidated net loss of Rs. 36.46 crore for the same quarter in the previous year. Company’s consolidated revenue stood at Rs. 801.13 crore, registering growth of 7.55% yoy and 0.94% qoq.